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First Half 2017 results: TAS Group delivers strong revenue growth

TAS Group’s key financial indicators have significantly improved in the first half of 2017:29.1 m Euros consolidated revenues, up 15.4% compared to the same period in 2016. This growth together with other positive financial indicators has been recorded by TAS Board of Directors’ meeting approving the half-yearly financial report of the Group.

Dario Pardi, TAS Group’s Executive Chairman, commented: “The results of this semester benefit from the reorganization and asset consolidation completed last year. We are satisfied of the several goals achieved so far, though not all of them are still reflected in the company's economic results. In the past months our new generation software solutions have been recognized by key international players, such as Oracle, who chose TAS Group among their first global partners in the Digital Innovation Platform initiative. Appreciation for our platforms has grown also in the Spanish and German markets, and even in our home market, where major Italian customers have entrusted us with key strategic projects."

Valentino Bravi, CEO of TAS Group, added: “TAS Group is definitely on the right track, as proven by the positive results of this semester and by the inclusion for the ninth consecutive year of our company in the 2017 IDC Top 100 FinTech Rankings, the most comprehensive vendor ranking within the financial services industry worldwide. I am also proud to highlight how TAS Group is accelerating transformation in the digital payments by investing in the PSD2 driven opportunities. Over the past months our digital software factory has been developing a new payment framework currently being released, which allows TAS Group to compete among the first providers of a PSD2-ready solution for PSPs and TPPs".